SEHK:196Energy Services
Honghua Group (SEHK:196) One Off Gain Drives 405.8% Earnings Growth Narrative Shift
Honghua Group (SEHK:196) has put up a punchy set of FY 2025 numbers, with first half revenue of C¥2.6b and basic EPS of C¥0.0041, set against trailing 12 month EPS of C¥0.0043 and net income of C¥38.3m. Over the past year the company has seen reported net profit margin move to 0.7% from 0.1%, with earnings growth of about 4x year on year and a sizable one off gain of C¥94.9m feeding into the bottom line. As a result, this is a profitability story that leans heavily on both operational gains...